Welcome to Durham Business 360 - the City’s best resource for small business owners! Here you’ll find all the tools and resources you need to start and grow your business, as well as contracting information,financing opportunities, and the latest news that matters most to you and your business.
The City of Durham and its Small Business Advisory Committee are here to ensure you have all the resources you need
First Cohort of "Momentum Financial Academy: Microenterprise Edition" Graduates!
Congratulations to the graduates of Momentum Financial Academy: Microenterprise Edition! All seven graduating business-owners completed a four-week intensive course to establish key financial skills for growing and sustaining their microenterprise (a business with 5 employees or fewer) here in Durham. The graduates will now have the opportunity to apply for free accounting software and a grant of up to $20,000 from the City thanks to a program created by the U.S. Department of Housing and Urban Development. For more information about the program and to see if you qualify for a future cohort, please visit our Momentum 360 page.
Milestone! $1 Million in Small Business Lending!
Initially established as the Small Business Recovery Fund during the height of the COVID-19 pandemic, the Durham Small Business Opportunity Loan Fund recently crossed the $1 million lending milestone in its quest to help with the shifting small business landscape and changing needs of Durham’s entrepreneurs. There are still opportunities for businesses to receive financing through the program. Eligible businesses are those with fewer than 50 employees, including home-based businesses and food trucks, which are subject to additional criteria. Loans are only available to businesses with revenues up to $5 million according to their most recent tax filing. Read more.
UDI Offers Small Business Loans for COVID Recovery
Independently owned businesses in Durham county may now apply for loans from $5,000-50,000! UDI is offering the loans through funding from CDC CARES to enable small businesses to come back stronger after COVID. The low interest rate is 3-3.75%, and 7.5-10 year repayment options are available, including a 6-month interest only payment period. This flyer contains eligibility requirements and more. Visit the online portal to apply.
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Congratulations to the graduates of Momentum Financial Academy: Microenterprise Edition! All seven graduating business-owners completed a four-week intensive course to establish key financial skills for growing and sustaining their microenterprise (a business with 5 employees or fewer) here in Durham. The graduates will now have the opportunity to apply for free accounting software and a grant of up to $20,000 from the City thanks to a program created by the U.S. Department of Housing and Urban Development. For more information about the program and to see if you qualify for a future cohort, please visit our Momentum 360 page.
Initially established as the Small Business Recovery Fund during the height of the COVID-19 pandemic, the Durham Small Business Opportunity Loan Fund recently crossed the $1 million lending milestone in its quest to help with the shifting small business landscape and changing needs of Durham’s entrepreneurs. There are still opportunities for businesses to receive financing through the program. Eligible businesses are those with fewer than 50 employees, including home-based businesses and food trucks, which are subject to additional criteria. Loans are only available to businesses with revenues up to $5 million according to their most recent tax filing. Read more.
Independently owned businesses in Durham county may now apply for loans from $5,000-50,000! UDI is offering the loans through funding from CDC CARES to enable small businesses to come back stronger after COVID. The low interest rate is 3-3.75%, and 7.5-10 year repayment options are available, including a 6-month interest only payment period. This flyer contains eligibility requirements and more. Visit the online portal to apply.